Mangalam Cement Limited has submitted to the Exchange a copy of Disclosures under Regulation 10(6)-Report to stock Exchange in respect of any acquisition made in reliance upon exemption provided for in regulation 10 of SEBI (SAST) Regulations, 2011.
MANGLMCEM · price
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Mangalam Cement Limited informed the exchanges about an inter-se transfer within the promoter group. Pilani Investment and Industries Corporation Ltd. sold a total of 5,00,000 equity shares (0.91% of diluted share capital) at Rs. 758 per share. The shares were transferred to Vidula Consultancy Services Limited (2,50,000 shares) and Rambara Trading Private Limited (2,50,000 shares), both promoter group entities. Post-transaction, Vidula Consultancy holds 38.54% and Rambara Trading holds 39.45%, while Pilani Investment's stake reduced from 1.89% to 0.98%. The acquisition was completed on July 3, 2025, after the required prior disclosures under Regulation 10(5). No open offer obligation arises since the transaction is an exempt inter-se transfer under Regulation 10(1)(a)(ii) of SEBI SAST Regulations.
This is a reshuffle within the promoter group and does not change the total promoter holding in the company. Shareholders should see no impact on overall promoter control or stock price from this internal restructuring.